“I hadn’t heard that about Moore, only questions about him not being a PhD economist”
Just watched a speech by Milton Friedman where he pointed something out about the Fed. He says as far back as you can look, during good times the Fed explains how their policies have resulted in the good economy. When the economy is tanking, the Fed explains how despite their best efforts they were stymied by other factors.
For extra credit, I would love to know the percentage of PhD economists that become wealthy. I mean...they know ALL about economics, right? A broke economist is like a doctor with diabetes, bad teeth, and a constant sinus infection.
It’s an indication that you are a dumbass.
Very true about PhD economists. The one thing to stay as far away from as possible with them is any stock market advice!
Just watched a speech by Milton Friedman where he pointed something out about the Fed. He says as far back as you can look, during good times the Fed explains how their policies have resulted in the good economy. When the economy is tanking, the Fed explains how despite their best efforts they were stymied by other factors.
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I know that lecture. It is a great one.